EURCHF: New Buying Opportunity
We can get a buy signal from the support zone formed by SMA50, SMA200, 1.07000 support level, and the main uptrend line.
If the price bounces from this zone, we will search for exact entry points using the daily and hourly timeframes. Stop orders must be placed below the uptrend line. The nearest profit targets for buyers will be the previous market high at 1.09000 resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price bounces from this zone, we will search for exact entry points using the daily and hourly timeframes. Stop orders must be placed below the uptrend line. The nearest profit targets for buyers will be the previous market high at 1.09000 resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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